Q3'25 Earnings Results Q3'25 Summary Investment Activity | | Q3'25 Originations | Q4'25 QTD Originations | | --- | --- | --- | | | (4 Ground Leases) | (4 Ground Leases) | | Ground Lease Value1 | $42m |$34m | | Markets | 2 | 1 | | Sponsors | 2 (1 New) | 2 | | GLTV2 | 34% | 34% | | Rent Coverage3 | 2.4x | 2.5x | | Economic Yield | 7.3% | 7.2% | $7.0b /$9.1b Total Portfolio Aggregate GBV5 / Total Portfolio Estimated UCA Portfolio Metrics4 Capital Sources $1.1ba Cash & Credit Facility Availability 52% / 3.4x ...